Small
Business Service Venture Capital ( SBS )
Small Business Service ( SBS ) Venture
Small
Business Service Enterprise Areas
A key element in the Government's enterprise policy is the
recognition that social attitudes, the business environment
and specific market failures can present higher barriers to
enterprise within disadvantaged communities compared to other
areas. In the Pre-Budget Report published on 27 November 2002
the Chancellor of the Exchequer, Gordon Brown, announced details
of approximately 2000 Enterprise Areas to address the barriers
to enterprise affecting the most disadvantaged communities
in the country.
The
Enterprise Areas are the most deprived areas across the UK.
In England, Wales and Northern Ireland the areas are defined
at ward level, and in Scotland they are defined using postcode
sectors, based on the relevant national indices of deprivation.
Enterprise
Areas are a policy toolkit designed to focus and co-ordinate
measures targeted on or likely to help businesses in deprived
areas. Businesses in an Enterprise Area may benefit from one
of several new or existing forms of Government assistance,
including stamp duty exemptions, help from a Community Development
Finance Institution, and neighbourhood renewal projects.
Local
authorities, Regional Development Agencies and Local Strategic
Partnerships have a significant role to play in using the
opportunities presented by these measures to support and strengthen
their own strategies for economic development and local regeneration,
and in boosting the awareness and uptake of relevant measures
by local businesses.
For
further information on Small Business Service ( SBS )
Venture Capital visit the Small Business Service website.
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